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Gold mining development in Namibia
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2026-08-12 05:15 UTC → 2026-08-15 01:27 UTC ·
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Gold exploration and development activities are advancing in Namibia. Ongwe Minerals announced has identified a discovery 6 km gold anomaly at the Nguni prospect target within its Omatjete Gold Project, where Project. Located in the Okondeka fault zone, soil sampling identified from 1,605 collected samples revealed significant gold concentrations, with a 6km strike length peak value of mineralization. 1,310 ppb. The company scheduled plans to launch a 5,000-meter diamond drilling program for late campaign using diamond and reverse circulation (RC) methods in August to assess determine if the site’s economic viability. Separately, mineralization extends into deeper structures. In the Erongo region, Wia Gold secured has finalized its funding to advance strategy for the Kokoseb Gold Project in the Erongo region. Project. The company obtained secured firm commitments for a $125 million equity placement for pre-production capital and signed indicative terms with Sprott for a $360 million debt facility with Sprott. This funding is intended to support construction and move fund mine construction. Wia Gold, which holds an 80% interest in the project toward through a joint venture with state-owned Epangelo, expects an initial 14-year mine life with average annual production of approximately 150,000 ounces over the first decade. The project has an updated mineral resource estimate of 3.78 million ounces of gold, with first gold production, which is production targeted for the fourth quarter of 2028.
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- 2026-08-15 01:27 UTC Gold mining development in Namibia
- 2026-08-12 05:15 UTC Gold mining development in Namibia
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